FX.co ★ NZD/JPY Growth Could End

NZD/JPY has increased aggressively in the short term but it's almost to reach a former low and the downtrend line which represents strong upside obstacles. Only jumping and stabilizing above the downtrend line could signal further growth.

Staying under the downtrend line could bring a new downside movement in the short term.

Trading Conclusion!

NZD/JPY could drop again as long as it stays under the downtrend line. The 77.00 is still seen as a downside target.